1. **State the problem:** Calculate the amount of money after 10 days with daily compounding interest at an annual rate of 15% on a principal of 801324000.
2. **Formula used:** The formula for compound interest compounded daily is:
$$A = P \left(1 + \frac{r}{n}\right)^{nt}$$
where:
- $A$ is the amount after time $t$,
- $P$ is the principal,
- $r$ is the annual interest rate (decimal),
- $n$ is the number of compounding periods per year,
- $t$ is the time in years.
3. **Identify values:**
- $P = 801324000$
- $r = 0.15$ (15%)
- $n = 365$ (daily compounding)
- $t = \frac{10}{365}$ (10 days in years)
4. **Calculate:**
$$A = 801324000 \left(1 + \frac{0.15}{365}\right)^{365 \times \frac{10}{365}} = 801324000 \left(1 + \frac{0.15}{365}\right)^{10}$$
5. **Simplify inside the parentheses:**
$$1 + \frac{0.15}{365} = 1 + 0.0004109589 = 1.0004109589$$
6. **Calculate the power:**
$$1.0004109589^{10} \approx 1.004110$$
7. **Calculate final amount:**
$$A \approx 801324000 \times 1.004110 = 804600000$$
**Final answer:** The amount after 10 days is approximately **804600000**.
Daily Compound Interest Fcc3C4
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